The global wireless communication market revenue is expected to expand at a lucrative CAGR over the forecast period. Constant advancements in wireless communication and increasing E-commerce and social media activities across the globe is expected to support growth of the global market in the next 10 years. However, lack of infrastructure in remote areas is expected to hamper growth of the market to a minimal extent.
The global wireless communication market report has been segmented on the basis of service type, application, and region.
On the basis of service type, the global wireless communication market is segmented into voice service, data service, and texting service. The voice service segment is anticipated to witness significant growth over the forecast period, and is expected to register a CAGR of X.X%. in addition, data service segment is projected to witness moderate growth over the forecast period.
On the basis of region, the global wireless communication market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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North America market is expected to dominate in the global wireless communication market in terms of revenue, and is projected to maintain its dominance over the forecast period. This can be attributed to adoption of technologically advanced systems in countries in the region. The Asia Pacific market is estimated to account for significant revenue share, followed by the markets in Europe and Latin America. This can be attributed to fast acceptance of these technologies by the population in the regions. Also, the market in Middle East & Africa are projected to witness moderate growth over the forecast period.
Prominent players in the global wireless communication market include AT&T, Inc., Intelsat S.A., Iridium Communications Inc., T-Mobile USA, Inc., NTT DOCOMO, Inc. China Mobile Limited, Hawaiian Telcom, Inc., Softbank Telecom Corp., United States Cellular Corporation, New-Cell, Inc.